You have surely heard the old adage “Don’t put all of your eggs in one basket.” Old yes, but still relevant, especially when it comes to client diversification.
To better serve clients and grow the business, the trend in staffing has been to specialize. Although your staffing firm may specialize in one segment such as Healthcare Staffing or IT Staffing, it’s still possible (and critical) to have a diverse client portfolio.
Having a diverse client portfolio mitigates risk, allows you to grow your business, and puts more CASH in your pocket. Here are 4 reasons why you must diversify.
Payroll funding is also known as accounts receivable financing; It provides instant cash flow so your agency can grow without limits. The process works by selling your open receivables to a payroll funding company in exchange for an immediate cash advance.
Having a dependable source for funding is one of the most important aspects of operating a successful agency. Payroll funding gives you the financial freedom to market your agency, take on new clients, go after large contracts, fill orders, and achieve the goals you have for your agency.
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